401 Monroe AveBuckeye, AZ 85326

  • Office properties
  • 7,976 SF
For Sale
$1,100,000 View listing

Property Details for 401 Monroe Ave

Year built
1914
Construction
CONCRETE
Lot size
0.10 AC
Property size (Sq ft)
7,976 SF
Zone code
CC
Property type
Office properties
Property subtype
Office buildings
APN
400-26-024B
APU
40026024B

Description

This exceptional commercial property, located at 401 E Monroe Ave in Buckeye, Arizona, presents a unique investment opportunity. Boasting 11,754 square feet, this two-story building, constructed in 1914, sits on a parcel with APN 400-26-024B and is zoned CC by the City of Buckeye. Its prominent corner location at the intersection of Fourth Street and Monroe Avenue offers unparalleled visibility and accessibility within the thriving Buckeye community. The property's rich history includes previous uses as a Pay Less Market and a hotel, serving as a central hub for the town's agricultural past. This landmark building offers a blank canvas for a modern retail venture, allowing a buyer to capitalize on its historical significance and prime location. The substantial square footage provides ample space for a variety of retail concepts, while the building's character and location offer a unique opportunity to create a memorable and successful business. The asking price is $1,100,000. This is a chance to own a piece of Buckeye's heritage and contribute to its continued growth. The property's strategic location and substantial size make it an ideal investment for entrepreneurs seeking a high-impact retail space in a rapidly expanding market. Don't miss this chance to acquire a truly remarkable property in the heart of Buckeye, Arizona.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,910,881
    6.5%
    $1,763,890
    7%
    $1,637,898
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,229,500
    Geo Method
    $1,229,500
  • Alternative Use

    Use
    Valuation
    Residential
    $2,187,224
    Hospitality
    $2,003,486
    Educational
    $1,666,876
    Medical
    $1,724,203
    Retail
    $2,592,919
401 Monroe Ave, Buckeye, Arizona

Location Insight

City
Buckeye
County
Maricopa
State
Arizona
Latitude
33.3703
Longitude
-112.586
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,750
-
-
$75,172
-
$92,700
$362,887
$455,587

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